DC Lite #482

"IG tech spreads [are] wider than the broad index for the first time since 2012"

Author

Daily Chartbook
November 18, 2025

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Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights.

1. WARN notices. "Notices of impending layoffs spiked to 39,000 in October … data from Cleveland Fed show we have only seen a greater number of warnings in 2008, 2009, 2020 and May 2025."

2. Next Fed chair. "Hassett (blue) is separating himself from the pack and is on the verge of being the first person to trade over 50%."

3. Spot BTC ETF ownership. "The retail cohort holds roughly three-quarters of spot-Bitcoin assets, according to an analysis by Bernstein. Meanwhile, institutional ownership has climbed to 28% from 20% at year-end 2024."

4. SPX vs. VIX. "Here's why a [24] $VIX is no fun."

5. Tech spreads. "IG tech spreads [are] wider than the broad index for the first time since 2012."

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DC Lite #481

"SPX finally closed below its 50 day moving average, after 138 days"

www.dailychartbook.com/p/dc-lite-481

DC Lite #480

The blended net profit margin for the index is 13.1%, the highest since at least 2009

www.dailychartbook.com/p/dc-lite-480

DC Lite #479

"The month with the most annual highs, and not by a small margin, is December"

www.dailychartbook.com/p/dc-lite-479

DC Lite #478

"We are seeing emergent signs that AI is driving business formations"

www.dailychartbook.com/p/dc-lite-478

DC Lite #477

"Retail investors continue to add into weakness, becoming the new price setters"

www.dailychartbook.com/p/dc-lite-477

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